Earticle

초록

영어

This paper examines the relationship between competition in the banking industry and liquidity that banks provide. Using a panel dataset of commercial banks in 25 OECD countries during the period 2000-2010, we find that banks provide more liquidity as the banking industry becomes more concentrated. The result is robust even after controlling for endogeneity issues and after using the Lerner index as a proxy of market power. In addition, large banks increase liquidity supply in the concentrated market, while small banks do not show significant results.

목차

Abstract
 1. Introduction
 2. Literature Review
 3. Data and variables
  3.1 Data
  3.2 Competition measures
  3.3 Bank liquidity supply measures
 4. Methodology
  4.1 Regression model
 5. Empirical Results
  5.1 Does competition in the banking industry have an impact on liquidity that a bank provides?
  5.3 Does the relationship hold after controlling for the endogeneity problem?
 6. Robustness checks
  6.1 Before and after the 2008 financial crisis
  6.2 Funding structure: banks with excessive short-term wholesale funds
  6.3 The US vs. non-US countries: removing the effects of the US
 7. Conclusion
 References
 Figure
 Table

키워드

저자

• Sung Wook JOH [ Seoul National University ]
• Jeongsim Kim [ Seoul National University ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330